5 musicians who use crypto

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Not many people would immediately associate the music industry with the cryptocurrency landscape, but the connection is there and is becoming more common at this moment. The world’s most famous musicians use cryptocurrencies in a variety of ways, including selling their albums as non-fungible tokens (NFTs) and investing in cryptocurrencies with the greatest potential by buying or mining coins.

Here are some examples of international musicians connecting with fans using blockchain technology, paving the way for a digital revolution:

#1. Dolly Parton

The American country music legend has been a star for over 50 years, with her first album released in 1967. With millions of records sold worldwide and dozens of awards, from Grammies to American Music Awards and Academy Awards, Dolly Parton is definitely a force to be reckoned with become.

It wasn’t until her partnership with writer James Patterson and Fox Entertainment’s Blockchain Creative Labs that she turned to the cryptosphere and NFTs. The project with her partners resulted in the release of Dollyverse, a limited edition NFT celebrating her album. This initiative was a complete success as all of their fans who purchased NFTs received exclusive access to the streaming channel of their live streaming concert, which benefited both parties.

#2. Eminem

Eminem – the 15-time Grammy winner – is another celebrity who has joined the NFT hype in 2021. He released a project called Shadycon, which released a series of Eminem-approved collectibles. As expected, his first NFT release was a success as he managed to earn an estimated $1.78 million from it.

The Shadycon project featured original beats produced by Eminem himself and was inspired by the artist’s love of all things vintage. In the spirit of Eminem, portions of the $1.78 million proceeds were donated to his Marshall Matters Foundation and charity that supports at-risk youth in Detroit, Michigan and surrounding communities.

#3. 50 cents

The rapper, whose real name is Curtis Jackson, is one of the first musicians to agree to accept crypto payments. After the release of his fifth album “Animal Ambition,” he agreed to introduce Bitcoin payments. This move earned him 700 Bitcoins, worth $662 per coin at the time of publication. At that time, that would equate to sales of $460,000, which isn’t a bad number considering the volatility of the cryptocurrency.

This time, that volatility worked in his favor, as his decision to take risks with Bitcoin paid off – in a big way – ten years later. Today, his Bitcoin collection is worth around $8 million as he let all 700 Bitcoins sit in his account. It’s up to 50 to decide whether he wants to take further risks with Bitcoin’s volatility or spend the money now.

#4. Snoop Dogg

Should it surprise anyone that Snoop Dogg – the rapper and entertainment mogul – is a big fan of Dogecoin? He supports the cryptocurrency market in general, but his unwavering support is for Dogecoin. He even has an alter ego called “Snoop Doge” who has been causing rallies in the Dogecoin market for some time now.

Snoop’s support of Dogecoin has further strengthened an already strong investor community. Dogecoin is a meme coin, meaning it has very little value in the real world. However, it is of great value to the individual as it fosters a community of like-minded people. In the case of meme coins, collective belief and adoption determine value, and Snoop’s involvement has definitely made the market much more attractive.

#5. Billie Eilish

Unlike some other entries on the list, Billie Eilish is not as open about her crypto investments and endeavors. However, one look at her merchandising strategy is enough to see that she is an avid fan of blockchain technology. She has made a subtle but smart move into the blockchain sphere, announcing to the world that she is a big supporter of the crypto universe.

Eilish’s blockchain integration shows that crypto’s potential extends far beyond tokens as it can be used across many industries, both creatively and commercially. One thing is certain: the multiple award-winning and nominated winner is a thought leader with a knack for the crypto universe.

Key insights

The crypto universe is currently gaining new members. Many of these newcomers to the crypto and NFT landscape are the world’s most popular celebrities and musicians. As things stand now, it could be that in a few years cryptocurrencies will be as widespread as digital wallets and credit cards. Now you might want to take your credit card out of your wallet and opt for the security of cryptocurrency. With advanced encryption and global acceptance, Bitcoin, Ethereum and other cryptocurrencies could become your preferred payment method in the coming years.